THE management of Ibadan Electricity Distribution Companies, IBEDC, has warned that Nigeria's power sector is on the brink of collapse as its dysfunctional and foundation related issues are yet to be addressed.

This came as the company signed a Memorandum of Understanding, MoU, with the United States Power Africa on technical partnership to improve its service across the network coverage at the Obasanjo Presidential library at Abeokuta in Ogun state.

Speaking on the issues confronting the power sector, Managing Director/ Chief Executive Officer, CEO, IBEDC, Mr. John Donnachie, stated that the power sector was full of complicated policies that do not address the root problems. He said "I believe the more complicated we are making the power sector, the more problems we get. We need to solve the foundation of the power sector first. The foundation is not correct and we keep on building on it and the more you build on wrong foundation, the building would collapse.

"My opinion is that we need to go back and reset our original agreements of what the tariffs are, the rules and what we need to do and how we are going to finance the business, because everything is about money. Until those foundations are done, we are going to go backwards and not forward.

"I am not saying the policies and progress government is trying to put in place are wrong, but I am saying the foundation is wrong."

Source....http://allafrica.com/stories/201801300158.html

Let it collapse, we'll see correction, they are even collapsed already across the nation, everywhere is dark with their HUGE bill for giving no light. #resetnepa